• Notification Date: 09-12-2022
• Notification No: N/A

GST Raids in Noida unearths over Rs 20 crore of Tax Evasion

The state GST department has conducted multiple raids in 71 districts of Uttar Pradesh in two days. The department seized items worth Rs 2.55 crores and discovered tax evasion worth more than Rs 20 crores. The raids were conducted in two different days and the team raided the premises of many traders in Noida, UP. 

According to sources, the process of recovering documents is still under progress. Ten GST teams raided 20 businesses. The GST department seized items worth Rs 1.42 crore and imposed a fine of Rs 51.17 lakh in the raid conducted on Monday. Another raid on Tuesday unearthed items worth Rs 1.13 crore and a fine of Rs 41.12 lakh was imposed. 

Additional Commissioner State Tax, Gautam Buddha Nagar, Aditi Singh said that these firms were allegedly involved in tax evasion. Hence, the action was taken on the basis of this information. Taxes and fines of Rs 92.29 lakh were deposited on both the raids. 

The investigation into three steel firms is yet to happen. Whereas, the investigation into 17 firms has been completed. There are still several businessmen on the department's radar. 

The firms raided on Tuesday are namely - Sarvashree Vrindavan Sweets Restaurant, Ansari Kirana Store, Geetanjali Salon in Sector-44, Malik Motors in Sector-20, Old Body Parts in Sector-16 among others. On Monday, twelve firms, godowns and showrooms selling iron, steel and furniture were raided. As per the report, goods were being bought in these places and sold without bills with non-availability of receipts for them.